Former EQT Corp. CEO Steven Schlotterbeck, who resigned abruptly on Thursday, took to social media to dispel rumors, hinting that the “personal reasons” cited by the company board announcement boiled down to compensation.
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EQT Steps Into New Era, As Separation of Midstream, Upstream Businesses Begins
Bending to the war chest it has accumulated in a series of acquisitions across the Appalachian Basin and the will of shareholders that expect more value from it, EQT Corp. on Wednesday highlighted a plan to dump all of its midstream assets into a separate publicly traded company.
EQT Envisions Utica Program in 2018; Highlights Plans For New Acreage
EQT Corp. said Thursday that work to learn more about the deep Utica Shale in Pennsylvania and West Virginia continues, with the aim of establishing a development program in 2018 that could overshadow its core Marcellus Shale assets.
People — EQT, ExxonMobil
Steven T. Schlotterbeck has been named president of EQT Corp. As part of a corporate realignment, Schlotterbeck will also retain his responsibilities as president of exploration and production. As president, though, EQT said he will assume responsibility for human resources; environment; health; and safety and external affairs. Schlotterbeck joined EQT in 2000, serving in various engineering and management positions until 2008 when he was promoted to serve as president of exploration and production.